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IndoStar Capital to launch housing finance arm soon

Proposed home finance arm will focus on small-ticket lending to self-employed people, which is a large untapped market

Press Trust of India  |  Mumbai 

Corporate and SME-focused non-banking finance player IndoStar Capital will soon enter the retail lending space by launching a home finance subsidiary as part of its asset diversification strategy. "Four months ago, we applied for a home finance licence with the National Housing Board. We expect to get the permission in a month or so. If we get it by September, we hope to launch a home finance subsidiary by the later part of this fiscal year," IndoStar Chief Executive and Managing Director Vimal Bhandari told PTI. He said the proposed home finance arm will focus on small ...

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First Published: Sun, July 24 2016. 13:57 IST
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